EUR/USD: bulls ready to deliver wave E

Wave D is taking form of a double zigzag. Previously, a triangle has been formed in wave [x]. Therefore, it’s likely that wave (c) of [y] is going to end soon, so there’s an opportunity to have wave E of (Y) afterwards.

As we can see on the one-hour chart, there’s a bearish impulse in wave (c). In this case, if a pullback from -1/8 Murrey Math Line (P=200) happens, bulls are likely going to deliver another upward price movement.